Академический Документы
Профессиональный Документы
Культура Документы
APPLICATION TO
DEVELOPING COUNTRIES
MISCONCEPTIONS ON BUDGETING
Literature on budgeting is so numerous that causes confusions on
the instead of enlightenment.
These are due to:
Lack of system
Lack of comprehensiveness
Lack of consistency
Lack of integration in the budget documents
Despite of the mentioned misconceptions,
practical efforts and results show that:
Budget appears to be the most maligned, misunderstood and
controversial subject with regard to national government
policy.
Budget is termed as...
Nothing but a mere scrap of paper
Voluminous farce
Huge piece of garbage
BUDGETING PRINCIPLES & THEORIES
The term budget traced back to the Middle English word
Bowgette, derived from Middle French word Bouget, diminutive
of bouge means leather bag, which in turn was derived from the
latin word Bulga meaning bag or purse.
Objectives of budgeting:
1. Strengthening administrative process
2. Achieving more effective or more stringent fiscal controls
3. Securing efficiency & economy
4. Effecting better utilization of resources
5. Controlling inflation
6. Broaden awareness & understanding of budget control
Budget preparation & formulation is an opportunity for
government to assess the volume of taxation & expenditures to
offset threats of inflation or economic recession.
To him, the problem is not so much a question of theory and technique, but
the very problem of poverty itself.
THEORY ON BUDGET (AS APPLIED
IN PUBLIC FISCAL
ADMINISTRATION) DR. JOSE SOBERANO
REQUIREMENTS TOWARDS A
NORMATIVE THEORY OF THE BUDGET:
A Positive Government
Scientific Policies
An Abundant Economy
A Responsive Society
A Positive Government